SAN FRANCISCO (Reuters) – Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to their profits.

“CEOs that have international operations complain about it,” Dallas Fed President Richard Fisher told Reuters in an interview. “I hear from every one of them – it offsets their powerful earnings here domestically.”